The company has made this acquisition through its Special Purpose Vehicles (SPVs) Regius Infotech Pvt Ltd and Regius Overseas Holding Company, created specifically for this purpose, Fortis Financial said in a communique to the Bombay Stock Exchange.

CMS, a company incorporated under the Australian laws, provides software services and solutions to stockbrokers, investment banks and investment managers with market-tailored solutions.

Fortis is an international provider of banking and insurance services to individuals, business and institutional customers. The company delivers a total package of financial products and services through its intermediaries and other partners.

The company also said it had settled its court case against the Netherlands-based Fortis NV for using the word ‘Fortis’ for all its activities except for financial products and services.